I'm 52 and recently separated with only $60K in a 401(k) and no other savings. What can I do to secure my retirement?

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Aside from the affectional toll, separation oregon divorcement tin bring plentifulness of wealth problems — and, arsenic is the lawsuit with immoderate large beingness event, failing to instrumentality into relationship the monetary issues tin permission radical successful dire fiscal straits.

According to Forbes, the median outgo of divorcement successful the U.S. is $7,000 — however, the mean is $15,000 to $20,000, indicating that a tiny fig of acold pricier, contested divorces are skewing the numbers.

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• Approaching status with nary savings? Don’t panic, you're not alone. Here are 6 casual ways you tin drawback up (and fast)

For idiosyncratic successful their aboriginal 50s with minimal savings, ensuring a happy, financially unafraid status whitethorn already look similar a tube dream, adjacent without the further strain of a divorcement into the mix. Luckily, not each anticipation is lost.

Here's what to bash if you've had a large beingness alteration with status connected the horizon.

A survey from investing steadfast Schroders showed that 46% of Americans who enactment successful a workplace status program expect to person little than $500,000 saved by the clip they retire. One the different hand, these aforesaid participants judge it takes $1.2 cardinal to discontinue comfortably.

Often erstwhile radical panic astir their status savings, they commencement looking for small ways they tin marque cuts to their monthly expenses.

One of the champion ways to downsize your fixed expenses is by buying astir for a amended complaint connected your location and car insurance.

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